when btc will go 10x in value does this mean my alts go too ?

[c15]

that is my question.

[Crypto Capital]

Not necessarily. From the past few BTC pumps it seems that when it pumps really hard, like during the november segwit pumps, the alts actually crash. One thing is for certain though, when bitcoin crashes alts always crash.

[thrax]

Not necessarily. From the past few BTC pumps it seems that when it pumps really hard, like during the november segwit pumps, the alts actually crash. One thing is for certain though, when bitcoin crashes alts always crash.

True, but sometimes a few of the alts recover and start to pump before bitcoin does. If bitcoin crashes then goes sideways for a long time that's when a few alts might start to pump.

[tam cheng]

It depends on the stituation of btc at that time. sometimes alts will pump during btc crashing or pumping as well.
like currently, btc down, but some alts are up trend.

[c15]

are those crashes in the same ratio as it suddens spers?

[goyal.dkg]

it is hard to say yes or no . bcoz chances of both situations are equal .
if btc falls then all altcoins fall it is 100% sure .

but if btc rise then some of potential coins rise with btc but many others stay at their dollar price which means fall in terms of btc price .

however in long run , rising of btc is only a good thing for all altcoins .. any fall bcoz of rise in btc will be short term ..

in short - if btc rise then it is a good sign for all altcoins for long term .

[c15]

Excellent
also for altcoins that run on the ethereum blockchain?

And "but if btc rise then some of potential coins rise with btc but many others stay at their dollar price which means fall in terms of btc price ." what are the factors deciding this? t.y very much

[StigHelmer]

As an investor I don't appreciate the correlation of coins approaching 1 - once coins start trading on their merits and individual fundamentals sanity will return, but that is a long, long ways off.

Institutional money is just gearing up to get involved, and I promise they will cause the correlations to further increase and speculate so much that it will be one risk-on risk-off casino in crypto.

Wall street is great at ruining everything.

[cryptohunter]

if btc suddenly went x10 then unless you have the best alts on this board they will sink in satoshi value like stones

if there is a gradual increase if you have good alts they should rise

since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky

[CryptoNews1]

that is my question.

No, even if you trade your altcoins for BTC during that time that you will actually get less BTC than if you trade them when it's down.. depends if you are hodling or want to sell them for fiat though

[c15]

if btc suddenly went x10 then unless you have the best alts on this board they will sink in satoshi value like stones

if there is a gradual increase if you have good alts they should rise

since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky

with the best alts.. i am assuming you are referring to the top20 market cap?

[nox138]

Yes, probably.

[chickenjoy]

I think an in my opinion it is and has some negative effects.I think that if bitcoin super rises all of altcoins are affected.Some really go low.And some stay the same.Never thought if they too gain more value.Just check it out from sometime.

[mpufatzis]

If you check this site:

https://www.worldcoinindex.com/trending/overview

you can see the price difference between today and that 1 year before.
I'm just copying the prices (yours could be slightly different)
BTC 1051%, ETH 9070%, XRP 19269%, LTC 4445%, XEM 26086%

That, in my opinion, means that the alts price move independently of the price of bitcoin, and sometimes can bring more profit. You can lose your money too, check yourself, you'll find many negative (red) prices among them.

[kipozer]

I think that this is the case, because as we can see from the graphs of the latest events, we clearly see there that the graphs are identical, so if bitcoin falls most of the altcoins fall, such are the cases.

[ghonkz]

Some of them yes, some not. i mean ussualy if alt price based on bitcoin yes it will go up along bitcoin price. But some alt have its own determinant for price

[illnino]

that is my question.

If you follow the cryptomarket news and regularly compare the rates of Bitcoin and altcoins, you will see that usually the situation when BTC falls and alts start to lose its price happen. However, the market of crypto is not predictable, thus, sometimes alts grow when BTC loses its positions.

[LUCKY21]

While altkoins are dependent on bitcoin. And their price reacts very strongly to the change in the price of bitcoin. But I began to notice that the dependence is not so strong as before.

[kipozer]

that is my question.

If you follow the cryptomarket news and regularly compare the rates of Bitcoin and altcoins, you will see that usually the situation when BTC falls and alts start to lose its price happen. However, the market of crypto is not predictable, thus, sometimes alts grow when BTC loses its positions.

I fully agree with your opinion that the market does not understand crypto currency at all, it's all very similar to the game of big elephants, when you're just an ant and put your price in what direction the elephant will take you. Of course, in fact, very few analysts who can really say something, probably they simply do not.

[Malaya]

that is my question.

It really depends. Bitcoin is definitely independent from any altcoins. Though they are all cryptocurrencies, this doesn't mean that whatever the bitcoin's movement, that will be the same for other crytos. There are instances that Altcoins are really pumping but bitcoin's value is getting lower. So it depends and it's a case to case basis.